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20121118
20121118
Search Results 0 to 17 of about 18 (some duplicates have been removed)
something that's trending on the web right now. it's this white house photo showing president obama and olympic gymnast mikala maroney looking not impressed. the president was having a little fun with maroney who had that same face when she finished the vault. that look went viral. i'll be back and show you how the twinkie is iconic in mexico. that's right, mexico. stay with cnn. "your money" starts right now. >>> this is the economic storm of our own making and it's threatening any chance of a sustained recovery. i'm ali velshi. this is "your money" and i'm going to show you the damage america could do to itself if washington allows us to go over the fiscal cliff. unemployment in the u.s. which has come down to to 20.9%, it could go up another 9%. according to a new research new york post poll, you clearly understand the danger of this fiscal cliff. 50% say it will have a major effect on the economy, 21% say a minor effect, 2% no effect, 10% say they don't know, which is why you're watching this right now. president obama says they're centering around increasing tax on the wealthy
% say a minor effect, 2% no effect, 10% say they don't know, which is why you're watching this right now. president obama says they're centering around increasing tax on the wealthy which will go a good way in increasing the revenue that he wants to raise in the next decade in an attempt to reduce the federal deficit. he wants to reinstate the bush tax cut which goes to the top 2% of earners. that would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second one would go from 36% to 39%. he's been focusing on this specific number since his reelection which suggests he may compromise on the actual rates in order to get a deal. there are other taxes as well he's talking about. taxes on investment gain would also go up. the capital gains tax would go from 15% to 20% and dividend taxes would go from 50% to the income tax rate. as i showed you, 39.6%. president obama argues this will hurt people with savings and dividend stocks, but the overall investment gains are enjoyed by the wealthy. this, again, would target that rich group that president obama is
on in washington right now about the fiscal cliff. president obama says let's extend the bush tax cuts, the lower tax rates for 98% of all taxpayers, including the middle class right now. i'll sign it today and took out his pen at the news conference. and the republicans saying, no, no, no, we can't do that until we decide what we are going to do with the top two percent of taxpayers. why wouldn't a middle class voter look at that and say these guys in the gop are all about protecting the rich? >> chris, two things. one, we as a republican party need to make it very clear, and we are going to make it very clear we around the party of big. business businesses, big banks, big wall street, big bailouts. when it comes to the tax code, we are for a lower, simpler, platter tax code. you there were ideas to limit deductions for the wealthy, there have been ideas to get rid of some of these things but we aren't the party trying to broke the rich. they can protect themselves. we are the party that wants pro growth period. let the democratic party be the party of government growing revenues. we want to gro
that syria is just going to turn into another somalia right in the heart of the middle east in ways that could haunt the region for many, many years to come. >> i know you've been critical of the obama administration's policy towards syria. you're not suggesting boots on the ground, though, right? i mean, what do you think the administration should be doing differently? >> that would be a disaster all around. it would be -- it would certainly never happen. i think, though, that things we can do would include a no fly zone imposed by nato from turkey. those missiles hopefully would have the affect of just keeping syrian planes out of northern syria chshgs would give the rebel forces maybe a chance to break the stalemate. there is more intelligence and training to the syrian rebels, and also i think providing arms to those rebels, although i would have to say not anti-aircraft weapons for fear that they would end up in the wrong hands. these modest steps we can take that might break the stalemate and end the civil war there and the faster it ends, the better for syrians and also the b
about human rights violations is for the president, president obama to engage burmese leaders directly. and the final stop on the president's itinerary has been cambodian that's where he'll attend a summit with the association of southeast asian nations and while he's there, just like in burma, white house officials say the president will bring up cambodia's less than impressive record on human rights when he sees their prime minister. back to you in new york. >> clayton: much was made of course of china and asia during the run up to the general election. and president obama speaking extensively about it, and the president speaking about it. is the economy going to be a focus, and international trade regions with in nation and an important trip the president scheduled right after the election. >> that's obviously going to be a big focus for sure at that southeast asian nation summit. once he gets to cambodia and look at a picture right now of the scene where the press conference is going to be. we're told that the way they do the press conferences there, they like to have an mc who cal
. president obama's warning both sides upon to ramp up the fighting in the middle-east, even as he supports israel's right to defend itself. the president is monitoring the crisis closely, as he is in a three-day swing to south asia. wendall is with the president. >> reporter: the president has talks almost dale weprime minister netanyahu and egyptian president morsi and has reached out to the turkish prime minister. he said he would like to see the violence between israel and the palestinians diminish, but says that israel has a right to defend itself. >> israel has every right to expect that it does not have missiles fired into its territory f. that can be accomplished without a ramping up of military activity in gaza, that's preferable. >> reporter: here in thailand, mr. obama's wrapping up the first leg of a three-nation tour, visiting what one analyst calls the troubled children. he goes to burma and cambodia, in burma to urge in theic process and in cambodia, despite the lack of it, there was a wat pot monastery, with the reclining buddha and asked the monk there for prayers, for talk
's newly elected leader is meeting with francois holla hollande. >>> president obama arrived in thailand overnight. he's already met with the king. and right now he's getting ready to meet with the prime minister. white house correspondent dan lothian is in bangkok this morning. what is the president hoping to accomplish? >> reporter: he wants to high light things, not just this country but other countries in the region. u.s. dealing with north korea, syria, iran. so this is part of the overall effort by the obama administration to continue pushing this refocus or this pivot is the word they like to use to asia. we saw last year, at the end of last year when the president did an asia trip and australia announced that u.s. troops, marines, would be going to that region. that was part of the defense component of this. they also see great benefits both domestically in the u.s. but also in this region. the president has talked about how trade in this region could lead to jobs at home. so these are some of the issues that the president will be addressing, but perhaps first and foremost we'll
, climate change. >> ben gotti. >> and benghazi. >> i thought it was all right. they covered most of the principle stories of the day or week. wi us most struck by the difference in president obama himself. this was a more confident, relaxed, even assertive president or person than we had seen before. and he staked out his position on taxes. and, then, of course, he rolled it back. >> he was impassioned in his defense of susan rice, something we rarely see from the president. >> right. so winning another four years will do that for you. let's contrast with the loser of the election. that's mitt romney. he hasn't given any interviews or offered any positive forward statements. instead he did a conference call with donors and people were able to listen in and romney was quoted at not directly saying that president obama gave gifts to women, gays, and free contraceptives was very popular with young women. is romney really getting beat up by the press because all he has are these comments that made him look bitter? >> well, he made them. >> like the 47%. >> yeah. it reinforces that 47
to be willing to let the tax cuts skpiefrmt is that the right strategy here? >> well, it depends where you're trying to get. i think -- i happen to agree with president obama about where he is substantively in terms of what he needs to do to get an effect ivg program as far as our long term tra jektly. i think some of his tactics, it's very hard if you're not in the room to know what to do tactically but what he says to me is different than what you said. he said i have an objective. we cannot get there with tax expenditures. >> with the tax reduxes. >> right. if it meets with the long-term fiscal trajectory, you can get ourselves in a much better place for the long term and you can significantly improve long range terms. you put all that together. what he then said is i'm willing to sit with people and compromise to find common ground. it's sort of what he says but not quite. he says beall have to work together if we're going to meet that objective. >> what do you guess? is he playing too hard ball with the republicans or is there room for compromise? >> i think he shouldn't focus at all
Search Results 0 to 17 of about 18 (some duplicates have been removed)

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